Provided that no order shall be made after the expiry of a period of three years from the date of commencement of this Act.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.
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Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Applicability of Act.Section 4 · Powers of authority.Section 5 · Enforceability of netting.Section 6 · Invocation of close-out netting.Section 7 · Net amount.Section 8 · Limitations on powers of administration practitioner.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.